Tuesday, March 28, 2023

Port of Virginia Has Record Month In October

Sign up here for our free newsletter that tells you about the newest stories, three mornings each week.

The month of October was a record-setting one for activity at the Port of Virginia.

According to the Port, it processed more than 318,000 TEUs (twenty foot equivalent units) in October, the third consecutive month it surpassed 305,000 units.

Loaded imports and exports are behind the surge. Since August, import TEUs are up 19 percent from last year (to 444,600), and exports are up close to 9 percent (to 254,600).

The total TEU volume for the first 10 months of the calendar year has increased 28 percent from the same period a year ago, and the first four months of the 2022 fiscal year (July 1, 2021-June 30, 2022) is up 23 percent from the first four months of the previous fiscal year.

With a backlog in the supply chain, officials at the Port aren’t expecting things to slow down.

When comparing numbers from October 2021 to October 2020, there was an increase in eight of nine categories. A closer look: Total TEUs up 16.1 percent; loaded export TEUs up 6 percent, loaded import TEUs up 12.5 percent, total containers up 18.2 percent, Virginia Inland Port containers down 5.9 percent , break-bulk tonnage up 83.8 percent, total rail containers up 19 percent, total truck containers up 19 percent, and total barge containers up 28.3. perent.

You must purchase this article or be a subscriber to comment on it.

Latest News

Jefferson Lab Establishes Biomedical Research & Innovation Center

NEWPORT NEWS—The United States Department of Energy’s Thomas Jefferson National Accelerator Facility (Jefferson Lab) has a long history of developing concept, technology, and device...

Christopher Newport University To Co-Host Social Justice Conference

NEWPORT NEWS—Christopher Newport University’s Center for Crime, Equity, and Justice Research and Policy, along with the Hampton Roads Christian Community Development Network, will co-host...

The New Local News Model

On July 1, we started a new way to pay for news. Yes, we want you to subscribe, but we know nobody subscribes to every site they visit just because there's a paywall.

So if you don't want to subscribe (even at the low price of $39.99 for a year), you can pay for access to individual articles. Or just buy a 24-hour pass, as if you were buying a single copy of a newspaper. We use a new payment service called Transact, which lets you pay for individual articles in as little as three seconds. And you will get $3 in credit when you sign up (just an email address, no credit card required), which will let you pay for at least 20 articles.

This is new for everyone, so we're going to ease you into this. Initially, there won't be many articles that you have to pay for. Short ones will always be free. And even the longer stories will let you read the first half or so for free. We'd love to hear what you think, so send us a note at feedback@peninsulachronicle.com.